43.19 USD
+0.72 (+1.7%)
43.19 USD
0 (0%)
BSY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 280 industry peers in the Software industry. While BSY has a great profitability rating, there are quite some concerns on its financial health. While showing a medium growth rate, BSY is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
BSY had positive earnings in the past year.
BSY had a positive operating cash flow in the past year.
In the past 5 years BSY has always been profitable.
In the past 5 years BSY always reported a positive cash flow from operatings.
1.2 Ratios
BSY's Return On Assets of 7.77% is fine compared to the rest of the industry. BSY outperforms 79.43% of its industry peers.
Looking at the Return On Equity, with a value of 22.53%, BSY belongs to the top of the industry, outperforming 89.01% of the companies in the same industry.
The Return On Invested Capital of BSY (10.86%) is better than 86.17% of its industry peers.
BSY had an Average Return On Invested Capital over the past 3 years of 8.00%. This is below the industry average of 10.97%.
The last Return On Invested Capital (10.86%) for BSY is above the 3 year average (8.00%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 22.53% | ||
| ROIC | 10.86% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
1.3 Margins
BSY's Profit Margin of 18.44% is amongst the best of the industry. BSY outperforms 82.27% of its industry peers.
BSY's Profit Margin has improved in the last couple of years.
BSY has a better Operating Margin (24.23%) than 89.72% of its industry peers.
BSY's Operating Margin has improved in the last couple of years.
BSY has a better Gross Margin (81.20%) than 85.82% of its industry peers.
In the last couple of years the Gross Margin of BSY has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.23% | ||
| PM (TTM) | 18.44% | ||
| GM | 81.2% |
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BSY is still creating some value.
Compared to 1 year ago, BSY has more shares outstanding
BSY has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BSY has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.10 indicates that BSY is not in any danger for bankruptcy at the moment.
The Altman-Z score of BSY (4.10) is better than 66.31% of its industry peers.
BSY has a debt to FCF ratio of 2.71. This is a good value and a sign of high solvency as BSY would need 2.71 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.71, BSY is in the better half of the industry, outperforming 66.31% of the companies in the same industry.
BSY has a Debt/Equity ratio of 1.04. This is a high value indicating a heavy dependency on external financing.
BSY has a worse Debt to Equity ratio (1.04) than 77.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 2.71 | ||
| Altman-Z | 4.1 |
ROIC/WACC1.04
WACC10.45%
2.3 Liquidity
BSY has a Current Ratio of 0.61. This is a bad value and indicates that BSY is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of BSY (0.61) is worse than 91.13% of its industry peers.
A Quick Ratio of 0.61 indicates that BSY may have some problems paying its short term obligations.
The Quick ratio of BSY (0.61) is worse than 91.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.49% over the past year.
Measured over the past years, BSY shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.41% on average per year.
The Revenue has grown by 11.12% in the past year. This is quite good.
The Revenue has been growing by 12.93% on average over the past years. This is quite good.
EPS 1Y (TTM)8.49%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.5%
Revenue 1Y (TTM)11.12%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%12.05%
3.2 Future
BSY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.45% yearly.
Based on estimates for the next years, BSY will show a quite strong growth in Revenue. The Revenue will grow by 9.22% on average per year.
EPS Next Y11.84%
EPS Next 2Y12.61%
EPS Next 3Y13.1%
EPS Next 5Y14.45%
Revenue Next Year10.17%
Revenue Next 2Y10.2%
Revenue Next 3Y10.09%
Revenue Next 5Y9.22%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 37.56, which means the current valuation is very expensive for BSY.
Compared to the rest of the industry, the Price/Earnings ratio of BSY is on the same level as its industry peers.
BSY is valuated rather expensively when we compare the Price/Earnings ratio to 26.49, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 31.83, BSY can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as BSY.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.69, BSY is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.56 | ||
| Fwd PE | 31.83 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BSY is valued a bit cheaper than 67.02% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BSY is valued a bit cheaper than 72.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.49 | ||
| EV/EBITDA | 33.78 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of BSY may justify a higher PE ratio.
BSY's earnings are expected to grow with 13.10% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.17
PEG (5Y)3.03
EPS Next 2Y12.61%
EPS Next 3Y13.1%
5. Dividend
5.1 Amount
With a yearly dividend of 0.66%, BSY is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 60.83, BSY pays a better dividend. On top of this BSY pays more dividend than 89.72% of the companies listed in the same industry.
With a Dividend Yield of 0.66, BSY pays less dividend than the S&P500 average, which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
5.2 History
BSY has been paying a dividend for over 5 years, so it has already some track record.
BSY has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years4
5.3 Sustainability
BSY pays out 30.41% of its income as dividend. This is a sustainable payout ratio.
DP30.41%
EPS Next 2Y12.61%
EPS Next 3Y13.1%
43.19
+0.72 (+1.7%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners46.74%
Inst Owner Change3.6%
Ins Owners40.38%
Ins Owner Change-1.97%
Market Cap13.11B
Revenue(TTM)1.46B
Net Income(TTM)269.25M
Analysts77
Price Target59.42 (37.58%)
Short Float %6.31%
Short Ratio4.3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
Yearly Dividend0.24
Dividend Growth(5Y)N/A
DP30.41%
Div Incr Years2
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.45%
Min EPS beat(2)-2.54%
Max EPS beat(2)11.45%
EPS beat(4)2
Avg EPS beat(4)4.67%
Min EPS beat(4)-4.04%
Max EPS beat(4)13.82%
EPS beat(8)5
Avg EPS beat(8)9.68%
EPS beat(12)9
Avg EPS beat(12)11.56%
EPS beat(16)13
Avg EPS beat(16)13.89%
Revenue beat(2)1
Avg Revenue beat(2)-0.11%
Min Revenue beat(2)-0.85%
Max Revenue beat(2)0.63%
Revenue beat(4)2
Avg Revenue beat(4)-0.34%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)0.63%
Revenue beat(8)3
Avg Revenue beat(8)-0.85%
Revenue beat(12)6
Avg Revenue beat(12)-0.02%
Revenue beat(16)8
Avg Revenue beat(16)0.08%
PT rev (1m)-1.59%
PT rev (3m)-1.9%
EPS NQ rev (1m)-1.37%
EPS NQ rev (3m)-2.58%
EPS NY rev (1m)-1.56%
EPS NY rev (3m)-1.89%
Revenue NQ rev (1m)2.39%
Revenue NQ rev (3m)-0.59%
Revenue NY rev (1m)0.13%
Revenue NY rev (3m)0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.56 | ||
| Fwd PE | 31.83 | ||
| P/S | 8.98 | ||
| P/FCF | 28.49 | ||
| P/OCF | 27.4 | ||
| P/B | 10.97 | ||
| P/tB | N/A | ||
| EV/EBITDA | 33.78 |
EPS(TTM)1.15
EY2.66%
EPS(NY)1.36
Fwd EY3.14%
FCF(TTM)1.52
FCFY3.51%
OCF(TTM)1.58
OCFY3.65%
SpS4.81
BVpS3.94
TBVpS-4.6
PEG (NY)3.17
PEG (5Y)3.03
Graham Number10.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 22.53% | ||
| ROCE | 13.59% | ||
| ROIC | 10.86% | ||
| ROICexc | 11.6% | ||
| ROICexgc | N/A | ||
| OM | 24.23% | ||
| PM (TTM) | 18.44% | ||
| GM | 81.2% | ||
| FCFM | 31.52% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
ROICexc(3y)8.22%
ROICexc(5y)11.91%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10%
ROCE(5y)13.18%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y4.29%
ROICexc growth 5Y-15.93%
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
F-Score8
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 2.71 | ||
| Debt/EBITDA | 2.97 | ||
| Cap/Depr | 27.71% | ||
| Cap/Sales | 1.26% | ||
| Interest Coverage | 32.41 | ||
| Cash Conversion | 113.9% | ||
| Profit Quality | 170.89% | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 4.1 |
F-Score8
WACC10.45%
ROIC/WACC1.04
Cap/Depr(3y)27.47%
Cap/Depr(5y)32.2%
Cap/Sales(3y)1.59%
Cap/Sales(5y)1.72%
Profit Quality(3y)148.6%
Profit Quality(5y)185.51%
High Growth Momentum
Growth
EPS 1Y (TTM)8.49%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.5%
EPS Next Y11.84%
EPS Next 2Y12.61%
EPS Next 3Y13.1%
EPS Next 5Y14.45%
Revenue 1Y (TTM)11.12%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%12.05%
Revenue Next Year10.17%
Revenue Next 2Y10.2%
Revenue Next 3Y10.09%
Revenue Next 5Y9.22%
EBIT growth 1Y22.88%
EBIT growth 3Y18.11%
EBIT growth 5Y17.09%
EBIT Next Year16.54%
EBIT Next 3Y14.75%
EBIT Next 5Y10.9%
FCF growth 1Y34.82%
FCF growth 3Y15.91%
FCF growth 5Y22.26%
OCF growth 1Y30.85%
OCF growth 3Y14.76%
OCF growth 5Y20.58%
BENTLEY SYSTEMS INC-CLASS B / BSY FAQ
Can you provide the ChartMill fundamental rating for BENTLEY SYSTEMS INC-CLASS B?
ChartMill assigns a fundamental rating of 5 / 10 to BSY.
What is the valuation status of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
ChartMill assigns a valuation rating of 4 / 10 to BENTLEY SYSTEMS INC-CLASS B (BSY). This can be considered as Fairly Valued.
Can you provide the profitability details for BENTLEY SYSTEMS INC-CLASS B?
BENTLEY SYSTEMS INC-CLASS B (BSY) has a profitability rating of 8 / 10.
What is the earnings growth outlook for BENTLEY SYSTEMS INC-CLASS B?
The Earnings per Share (EPS) of BENTLEY SYSTEMS INC-CLASS B (BSY) is expected to grow by 11.84% in the next year.
How sustainable is the dividend of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The dividend rating of BENTLEY SYSTEMS INC-CLASS B (BSY) is 4 / 10 and the dividend payout ratio is 30.41%.